Rivian Automotive Inc. reported its net loss in the second quarter nearly tripled to $1.7 billion, further pressuring the electric-vehicle startup to conserve cash and move quickly to fill customer or...
Tag: RJ Scaringe
Rivian Hits New Low, Stock Plunges Nearly 20% As Early Investors Offload Shares In ‘Jittery Market’
Topline Rivian’s stock tanked by almost 20% and hit a new low on Monday as the company’s IPO lockup period ended, giving some early investors—including Ford, according to reports—their first chance to...
Rivian CEO Warns of Looming Electric-Vehicle Battery Shortage
NORMAL, Ill.—Rivian Automotive Inc. Chief Executive RJ Scaringe is warning that the auto industry could soon face a looming shortage of battery supplies for electric vehicles—a challenge that he says ...
Rivian’s Stock Is Hitting New Lows After Weak Earnings—But Analysts Still Predict A Rebound
Topline Shares of Rivian tumbled 7% Friday after the electric-vehicle maker reported lackluster quarterly earnings and warned that supply chain issues would limit vehicle production in 2022, but despi...
Rivian Founder RJ Scaringe No Longer A Billionaire After Stock Dip
The Rivian automotive company’s battery lab (their “Irvine Technology Development Center”), Irvine, … [+] CA. Pictured: founder and CEO R.J. Scaringe in front of cabinets full of battery-t...
Rivian Shares Plunge Nearly 15% In Two Days After Amazon Signs Deal With Rival
Topline Shares of electric vehicle startup Rivian have fallen by around 15% in the last two days, hitting a new low after Amazon signed a deal to buy electric vans from rival automaker Stellantis and ...